Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-06-27
The Lars PANIC.
Jay Gould interviewed Upon the situ-
atiOn-other Matters Elaborated Upon
-&ouid has Retired.

Jay Could interviewed Upon the situ-
atiOn-other Matters Elaborated Upon
-Gouid has Retired.
New. York, June 25-The World prints
a long interview with Mr.. Jay Gould,
from which the following lie taken:
"Mr. Gould, TO what do you attribute
the great disturbance in We'll street
yesterday ?"
II do not know that 1 can tell the
great cause. have been SO littlo in
Wall stseet that / have paid no great
attention to things. The market was
raided for one thing and a scare was
created. They had MIR. Field broke aud
me dead. but they found out that MIR.
Field was not broke and that [ was not
dead"
"Do you think the bottom had been
touched in ~values?'
That is something it would be diff
emit to say. / believe that stocks are
cheap. ! bought some. I bought Mis-
souri Pacific, Western Union end Man
haitian"
"Do you regard the danger as over ?''
Eyes. The worst has unquestionably
passed."
How do you think the street stood
the shock?"
Admirably, l should say. There was
not o single bull house that failed. It
showed the strength of the bulls. There
was more OF a capacity for taking stocks
than was looked for"
"Do you consider it O good turn 10
buy stocks now?'
"That is according to the way a person
looks at it,. My remsrk that 1 regard
stocks as cheap is about as applicable q
reply rs l can give"
"Do you care to state the extent of
your purchases yesterday, Mr.. Gould"
"Well, / am not in the market as q
%speculstor and not a very extensive
buyer of anything. / don't owe any
money, and have q little to spare to buy
good things occasionally when l see
them"
"What is the condition of the country
from O business point OF view ?"
Good. ! know that it is particularly
true of the west. The earnings of our
roads ont there are big
"Yhe inter state law has
now had q good trial. What is the eff
feet of it 81 the railroad system of the
eountry?"
II think it is beneficial. My instruc-
tions were to carry out the law on our
roads, and we think we have profited by
it,"
"What defects are there In it that
could be remedied?n
81 don't know as there are any. The
commissioners are intelligent men and
they are interpreting the law so as to
make it produce the best results,
think"
..Has the oalitical c.tnetion any bear
ing on the railroad AID business ;rSsr-
eats of the countryf Would the change
to a republican government be hurt
full"
81 don't think the change would have
any effect. The present administration
is q discreet one and don't believe an.
administration would interfere with tht
, prosperity of the country"
what policy would produce the best
! results for the country at large?"
$40 let it alone,'' was Mr.. Gould'l
quick response. 1.-THE county is able tt
work ont its own prosperity. The Ameri
: cans are a great people, and all the,
want is to be let alone. They don't wan
, want interference from the president O.
congress; the state Legislatures or gov.
Il CT lOkbs LV WOhiu W bh0 ASGAoi0
ture met only once in five years. Tit
, people are able TO take care OF themselves
Il We have no great standing armies AM
our best men can prosecute industries
that make the country rich and the PEG
pie contented. Our people will Away
be prosperous as long as they can atten'
to their own offairs."
"Mr. Gould, have you ceased speeula
ton in Wall street wholly for good?"
, II may buy stock as l did yesterday
when I think / am acquiring propert.
. cheap but I have absolutely stopped
speculation. | Withdrew from Wal
street to remain out q year ago last Jan
uary. / shall never. under any circum
: stances, be q Spectator again"
"Do you also contemplate retiremen
. from the active management of you
business interests 2"
"Yes, as completely as possible. M,
so nhas familiarized himself with man
], agement OF the different properties Will
which / am connected and he can nov
attend to them as we'll as / can. 1t Is
. relief which I am grateful for, and
shall never return to hard work"
Nov, MIR. Gould, what is the state @
your healthg'
= ibid not get my customary run Z
sickness last winter, and I am takin
g things as easily as possible this summel
I have had an attact of neuralgia, who
I have now recovered from. That wa
cause I as much as anything by oyel
d work. Ihad a slight stomach trouble,
little Indigestion, with the rest, who
was also brought on by oveywork. / Oh
feeling very well now and expect to pas
" a pleasant summer"